Sensex Gains 302 Points, Nifty Around 19,850 In Range-Bound Trading. PSU Banks Lead

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The two key equity benchmarks, Sensex and Nifty, on Wednesday made a range-bound trading, with indices scaling fresh lifetime highs during the day. The S&P BSE Sensex settled 302 points higher at 67,097 levels. On the other hand, the Nifty50 closed at 19,833, up 84 points. The Sensex and Nifty hit new record peaks of 67,117 and 19,842 during intra-day trade.

On the 30-share Sensex platform, NTPC, Bajaj Finance, IndusInd Bank, UltraCemco, Bajaj Finserv, SBI, were among the lead gianers, rising between 1 per cent and 3 per cent. On the downside, TCS, Airtel, Maruti, HUL, Nestle, ICICI Bank emerged losers.

In the broader market, the BSE Midcap and Smallcap indices outperformed the frontline indices gaining 0.6 per cent each.

Sectorwise, the Nifty PSU Bank index climbed 2 per cent, followed by the Nifty Media index (up 1 per cent). The Nifty IT index ended flat.

About 1,961 shares advanced, 1,360 shares declined, while 119 shares remain unchanged.

The Rs 631-crore issue was subscribed nearly 86 times till 3:30 PM on the final day of bidding. QIB portion was subscribed the most at 216 times, followed by NII (80 times), Employees (46 times), and retail 18 times). Bidding closes at 5 pm on Wednesday.

In the previous session on Tuesday, the S&P BSE Sensex closed at 66,795, up 205 points, after hitting an all-time high of 67,007 during the day. On the other hand, the Nifty50, closed 38 points up at 19,749, from a record peak of 19,819.

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